You are here

Duties and Fees Received at the Custom House, Port of Sag Harbor, February 22 to March 22, 1789

Letter from John Gelston to Gerrard Bancker Esquire, 1789

Letter from John Gelston to Gerrard Bancker Esquire, 1789

New York State Archives, NYSA_A0847-77_B1_F2_19
 
Document Description
 Letter from John Gelston to Gerrard Bancker Esquire, May 30 1789, about duties and fees received at the Custom House, Port of Sag Harbor, February 22 to March 22, 1789.
 
Transcription
Saggharbour 30th May 1789

Gerard Bancker Esquire
 
Sir
 
Inclos’d you will receive the Acct of Duties and fees rec.d at the Custom House of the Port of Saggharbour form 22nd Feb. to 22nd March.
 
The Balance will be Handed by David Gelston Esq who will pass the receipt necessary
                                                From your
                                                            Humble Servt
                                                                        John Gelston
 
 
 

Historical Context
The American Revolution created a large national debt with millions owed to the French and Dutch governments. Individual states were also heavily in debt. Individual investors who purchased war bonds worried that they would never be able to reclaim their investment.
Each state created its own currency which was rejected by other countries in favor of gold and silver. The financial security of the new nation was threatened by a lack of hard currency backed by gold or silver. Congress took steps to repay the debt and stabilize the new American economy.
 
 
Essential Question
How did the American Revolution change the way Americans attempted to satisfy their basic needs and wants?
 
Check for Understanding
Students will answer the following question and support their answer with evidence from the document:
 
What economic problems did American citizens face after the Revolutionary War?